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CBS
Feb 14, 2013 7:00am PST
quote . >>> berkshire hathaway ceo warren buffett and 3g buying heinz. >>> a boxer has been allegedly for taking a dive. the fan come upper-cut, the guy wasn't even close. >>> whatever you're getting to your wife send it to her job in front of her cowork are sercoworkers. >>> and all that matters. >> democrats to show us their plan to stop the sequester. >> we need to find solutions. can he ant' just sit here and bitch. >> on "cbs this morning." >> don't worry, senator rubio, nobody noticed. that you gave a speech. >>> welcome to "cbs this morning." charlie rose is on assignment, so james brown is with us. as we come on the air in the west, olympic track store and double amputee oscar pistorius is under arrest this morning, accused of murder. >> his girlfriend was found shot in his home in south africa overnight. mark phillips has more on the stunning news about the paraolympic runner. >> this isn't so much as a whodunit but what happened. only two people involved oscar pistorius the blade runner and the woman who was killed. >> we can confirm there was a shooting incident thi
PBS
Feb 14, 2013 4:30pm PST
's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal-- close to $24 billion of that in cash and the assumption of $4 billion in debt-- to take h.j. heinz private. >> warren buffett is starting to get older at this point, and, in this case, he's having 3g handle the operational side of this transaction. >> reporter: while buffett's age may be advancing, he's still very interested in doing deals in well-known brands. it's not the first time buffett has partnered to do a deal. five years ago, berkshire worked with mars in a $23 billion acquisition of wrigley. and just last year, berkshire was part of an unsuccessful $10 billion bid by coty to buy avon. but new york university business professor aswath damodaran says this deal is all about the experience 3g's team brings to the table. >> the one
FOX Business
Feb 14, 2013 4:00pm EST
's company, berkshire hathaway, buying time out right here. they called it at 7250. >> yes, they just think it's a great product. he said he was absolutely going to be in for the long term. liz: it's not a classic equity deal where they shine it up. david: we just saw whole foods getting kicked today about 10%. >> that is not good news. david: as you can see, we have very big movements. do not be fooled when we see the dow jones down, the s&p 500 is up a little bit. less than a 10th of a percentage point, nasdaq, the biggest mover is the rest of 2000. it is the individual stocks, we have seen some big movements by individual stocks and we will be talking about coming up. liz: did you see the coal industry sector? lots of natural resources after the fourth-quarter earnings. all gaining more than 4%, 13 full percentage point. david: when you see that it is settling at the lowest level in six months, that is what gives people a lot of concern. it is just about at the 200 day moving average. a lot of gold traders and a stronger dollar. it led to these currency fluctuations which affects the pri
PBS
Feb 14, 2013 7:00pm PST
buffett's recipe for success. his new york investment firm, farley capital, has held berkshire hathaway stock for two decades. >> so, steve, we know that warren buffett likes bargains. he's a penny pincher, self-described. and here he's paying a 20% premium for h.j. heinz. are you concerned he's overpaying? >> i'm not. i think first of all, the way buffett, what he is concerned about is the price he's paying for the value he's getting. it's really irrelevant to him what premium he is paying to what price someone else pays a week ago. it's really irrelevant. it's the price he's paying and value es's getting and i think he's getting good value. >> susie: berkshire hathaway stock rose a little on the news. does it make sense to put new money to buy berkshire a shares at $149,000 a share or even the b shares at close to the $100 level, what do you think? >> well, you know, for years there have been people that thought they would be overpaying for berkshire. i have some in my portfolio we bought at $8,000 a share. >> susie: wow, that's great. >> didn't want to pay $9,000 a share. and so this
ABC
Feb 14, 2013 12:00pm EST
. arch are half weigh is teaming up with three g capital to buy -- berkshire hathaway is teaming up with three g capital to buy heinz. the mu has to be approved. shareholders expect to close it and the third quarter -- shareholders expect to close it and the third quarter. coming up people and one group are turning their heart ache around and using it as fuel to help themselves. >> some happy couples are tying the knot today. >> a milestone for the redskins today. >> here is a live look outside this noon. >> you're watching abc 7 at noon with scott thuman and cynne simpson. this is abc 7 news at noon. on your side. >> metro is proposing a deal in hopes of bringing the fbi's new headquarters to prince george's county. authorities will vote today whether to make 78 acres of its land available to the bureau. the fbi is looking in virginia and maryland for new states for its headquarters. the washington redskins start working on their new training camp in richmond today. virginia governor mcdonnell and richmond mayor will be there for a groundbreaking service. the richmond city council
CNBC
Feb 14, 2013 6:00am EST
. sources telling cnbc that berkshire hathaway and 3-d are prepared to buy heinz for $28 billion. that is a total of $72.50 a share. that's what our horses are telling us. it's a 20% premium. >> are you kidding me? >> i'm not kidding you. >> shut the front door! this really? >> this is happening. >> berkshire hathaway is buying heinz. >> and 3g are buying heinz. $72.50 a share. it's a 20% premium. some of the details -- >> and this is not out? >> this is not out yet. berkshire is putting in 4.5 billion of equity. 3g is also going to be putting in 4.5 billion of equity. an additional $9 billion of preferred that are going to be joining this. we should be hearing officially about this transaction perhaps in the next half hour. >> last time he was on he said -- you know what? why didn't we think heinz? i kind of did i think -- >> elephant hunting. >> this is right up his alley in terms of consumer products. >> not only ketchup but looking through here. they make or eida. heinz -- it's hard to think of a second place. >> he loves big -- >> he makes one every couple of years. what was
CNBC
Feb 14, 2013 3:00pm EST
of berkshire hathaway's big purchase and phil lebeau is covering the purchase of usairlines and american. >> reporter: a quick recap here for you. berkshire hathaway and brazilian investment firm 3g buying heinz in a $28 billion deal when you roll in the debt. 3g will own half the company and run t.buffet gets the other half. he put in a little more equity, but will draw a dividend. classic buffet move, right? owns a great brand and gets income from it as well. when you look at the brands, you wonder why buffet didn't already run it, oreida and cherry coke, goes really well. nelson peltz sold off a lot of heinz last year and will get profit off this deal as well. the question many are asking whether this will spark more deals in the food space. you never know, but a lot of insiders told me today because of buffet and the brazilians this may seem special. talking about special ones. how about the deal that created the largest airline in the world. phil lebeau, of course, it's all over that one. hey, phil. >> hey, brian. you know, we've been talking about this $11 billion merger, take a lo
CNBC
Feb 14, 2013 4:00pm EST
regulators for the haush haush/imbey v deal. berkshire hathaway teaming up with 3g capital to buy heinz and in the red today, century link, the land lied provider, cutting its dividend by 26%. whole foods also having a down day. the supermarket chain forecasting weaker sales and margins for the rest of 2013. as for the dow, winners on the day include alcoa and banks like jorg anne which edged higher. the worst per former among the blue chips, general motors, which reported and missed estimates. wider losses in europe and higher costs in north america. guys, back to you. >> all right. we'll leave it there. thank you so much, josh. much more ahead on this jam-packed edition of the "closing bell." high seas drama will take you back where the carnival cruise ship is slowly being tugged to shore right now. stranded passengers complain of overflowing toilet but management says they are doing all they can, and now the lawyers are lining up. also ahead, have you checked your 401(k) lately? if not, you should. two of wall street's top money pros will be here to tell us why you can't be out of th
FOX Business
Feb 15, 2013 4:00pm EST
. most notably yesterday with the deal with berkshire hathaway. and heinz. and so if we start to see more merger activity that could keep a bid into the market driving us a bit higher. other things that could be helping are people sitting on the sidelines that weren't in any fear trade but were just in a dead trade which is just cash who have kind of a concern now that they don't want to be chasing bond because they're reading about the potential bond bubble and so they're looking to stocks and so that could also help provide a bid here. david: by the way. i misspoke. i said to andrew when the markets open on monday. markets are closed on monday. >> tuesday. david: we'll be open here on monday. fox business will be open. we have a lot of advice for you to where to put your money. markets reopen on tuesday. gary, talk about consumer sentiment now because liz mentioned earlier than they popped much higher than expectations. how does this reflect itself in the way you should proportion -- apportion your portfolio? >> i think there's a cyclical recovery at hand for the economy and business sp
FOX Business
Feb 14, 2013 1:00pm EST
about big corporate deals. heinz acquisition by berkshire hathaway and 3g is the biggest deal ever. it is at 72.39. that is a huge, huge percentage gain for heinz. that is almost 20% gain. that is a exact premium we're seeing for this deal. and of course the stock here now with this big move hitting an annual high. so warren buffett talking very postively about this move. he is hot on heinz. back to you. tracy: thanks, nicole. we'll see you in 15 minutes. ashley: as nicole was talking about berkshire hathaway's takeover of heinz won't be warren buffett's first venture into the food business. he previously owned a chunk of kraft shares but cut his stake in 2010 after it took over british candy company cadbury which buffett called, dumb, unquote. in 2008 berkshire hathaway along with goldman sachs and jpmorgan provided financing for mars acquisition of wrigley. you can remember back then, berkshire hathaway took a minority stake in the wrigley subsidiary. there you go. a little bit of history. for more on today's deal, tune into "countdown to the closing bell" at 3:00 p.m. liz claman
NBC
Feb 15, 2013 4:00am PST
ketchup sold for $23 billion to warren buffett's berkshire hathaway. shares of anheuser busch, in bev and grupo modelo were higher after inbev changed the $20 million acquisition with the brewer. they were worried about lack of competition. >>> scrapping lithium batteries in a-350s, tiffany & company filed a federal lawsuit against costco thursday claiming it falsely sold diamond engagement rings in their stores under the tiffany name. >>> walmart's british supermarket discovered horse dna in it's beef bolognese sauce. >>> women making strides but still short when it comes to pay. new labor data shows women make 81% compared to their male counter-parts last year. >>> a very happy valentine's of dave and nancy honeywell. they collected a $207 million jackpot, a one-time payment of $136 million. the odds of that win, 1 in 175 million. >>> straight ahead, kangaroos take over a golf tournament and lebron hands kevin a big one just before the all-star break. you're watching early "today." stories that caught our eye this morning. in connecticut, thousands came out to rally for gun control.
KICU
Feb 15, 2013 4:00am PST
investment that i would be looking to make. > what about all the merger deals this week? we have berkshire-hathaway, warren buffett's group, buying heinz, the a-m-r u.s. airways deal. what does this mean for wall street? > > i think it is really good. i think it points toward some bullishness in the market, and some bullishness in the m&a market, which is good for everybody. i think that you could see a real pickup in m&a activity toward the end of q1 and into q2, which is bullish the s&ps and dow for sure. > thank you mark. have a good trading day. > > thank you. the merger of american airlines with u.s. airways is the 5th large airline merger since 2001. our cover story takes a look at who wins on the business side and whether consolidation of two more large carriers is good for consumers. american airlines keeps its name, but analysts say it'll be u.s. airways management in charge with increased collaboration from employee labor groups. "i'm hopeful and optimistic they'll include labor, whereas american did everything to exclude labor from their business practices." both airlines have been flyin
NBC
Feb 15, 2013 4:30am EST
as the iconic ketchup brand sold to $23 billion to warren buffett's berkshi berkshi berkshire's hathaway. >>> shares of grupo modello were higher. federal regulators are worried about lack of competition in the beer market. >>> in the wake of boeing's battery problems, airbus is scrapping the same lithium batteries in its new a-50s. >>> tiffany and company filed a lawsuit against costco thursday claiming it falsely sold diamond engagement rings in its stores under the name. >>> walmart's british supermarket discovered horse dna from its beef bouillonese sauce. >>> women have made huge strives in the workforce. women made only 81% as their male counterparts last year. >>> and it was a very happy valentine for dave and nancy honeywell of fredericksburg, virginia. the lucky company collected $217 million powerball jackpot as a one-time payment of $136 million. the odds of that win, 1 in 175 million. that is a great valentine's day. >>> well, straight ahead, kangaroos take over a golf tournament. and lebron hands kevin a big one just before the all-star break. you're watching "early today."
CBS
Feb 14, 2013 5:00pm EST
. berkshire hathaway has teamed up with an investment group to buy h.j. heinz and the deal is valued at $28 billion the assumption of $4 billion in debt, but first the takeover has to be approved by heinz stakeholders. >>> coming up a young mother with parkinson's disease and the life changing surgery now being respected for more patients, we take you in the o.r. in tonight's health alert. topper? >> very nice. we have sunshine and calm winds, but big changes on the way. we'll show you temperatures. i'd grab a light jacket if you're going out, 48 downtown, 45 in gaithersburg, 48 in leesburg and manassas, 47 in fairfax, 42 in annapolis. we'll come back, talk about a cold front. we're talk >>> breaking news, republicans have temporarily blocked the vote on the nomination of senator chuck hagel as defense secretary. some of his former gop colleagues held up the vote as a way to demand more information from the white house on issues including the september attack on the american consulate in libya. hagel is a former senator and vietnam combat veteran. his nomination was approved by the senate a
CBS
Feb 15, 2013 7:00am EST
time. time-outs. >> what did you get mrs. boehner >> on "cbs this morning." >>> berkshire hathaway is buying the heinz ketchup company for $23 million. >> his plan is to turn the company upside down and then just wait. captioning funded by cbs >>> welcome to "cbs this morning." charlie rose is on assignment, so james brown is with us. >>> this is a live look at the carnival cruise ship "triumph" finally docked in alabama. we'll show you the video and outrage and comments from executives in just a moment. >>> first, astonishment from russia this morning. >> a ten-ton meteor crashed across the sky. it crashed and injured thousands of people. >> it landed in a mountain range near a famous soviet nuclear weapons site. mark phillips is in london this morning. >> good morning. they got an eye opener about 900 miles east of moscow this morning. it was a skyful of biblical proportions, a sky full of fire and brimstone. you've got to see it to appreciate it. this is morning. a cold dawn sky and then this. some of the noise came from sonic booms caused by meteor fragments traveling faster th
CNBC
Feb 14, 2013 9:00am EST
, one of the biggest months for m and a. year-to-date, m and a volume up 25%. berkshire hathaway, 3g buying heinz for $72.50 a share. $28 billion in debt. i know you've been working this, too. the notion now buffett is prorking with operational partners important -- portends a new area. >> one after a flurry of phone calls, the power of the brazilians. we keep saying this name 3g. people might be somewhat familiar when they think about abm or the buyout of burger king. really what 3g is is an investment vehicle for three of the richest men in brazil, some of the richest men in the world, frankly. one of them in particular. jorge paolo. there it is. they tell us, jorge paulo on the board of gillette. he was the driving force behind this deal having approached warren buffett, not long ago. this happened very, very quickly. something we'll start reading about, perhaps second day leads. we'll bring it to you now, how incredibly wealthy brazilians are. these are bullet investments. in other words, not like a private equity fund where they raise a fund. this is their money. they put it in.
FOX News
Feb 14, 2013 1:00pm PST
. berkshire hathaway teaming up with 3g california to scoop up heinz. that's $70.50 a share. buffett says money well spent. 80s z a super store whose brands include ketchup, or ride da. weight watchers smart meals. the man who made it says the whet the sage of oracle as appear tight. bill johns, congratulations. >> thank you very much. good to be back. >> you always have the great staple of products and it's no mystery buffett loves food, iconic names and yours was always out there but something got you interested in this. what? >> well they first approached me about six or eight weeks ago and they laid out the beginning of a proposal which then formally sent to us a week or so later. and i think the thing that got my attention was one, i wanted a commitment to keep the business in pittsburgh, which they gave me. i wanted a commitment to be as generous as i could with our employees, and i wanted a commitment we would continue to drive growth on a global basis. they gave us a price i took to the board and the board was compelled to go forward with. i think it's a great deal for our shareho
FOX Business
Feb 14, 2013 11:00am EST
, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax increases at the end of the year. connell: you are saying to let the sequester kick in? >> spending is really going up. only washington actually appears to go down. it will actually go up next year. this is tin
KRON
Feb 14, 2013 7:00am PST
this morning, one buffett's berkshire hathaway, 3 g capital to buy kinds for $28 billion including debt. >> we had good news for the airlines. american airlines and u.s. airways have announced that they will join forces to create the world's largest airline. the new carrier will keep the american airlines named. it will be random by u.s. airways ceo of dell the parkedoug parker, while american airline ceo tom horton will become chairman. this deal has been the work since august when creditors forced american airlines to consider a merger. >> the time now is 7:12 a.m.. we will take a quick break. here is a shot from our mount tam. >> >> happy valentine's day. thank you for waking up with kron 4. now >> it is a foggy start for some of us. the visibility is down for some of us. visibility is have a mile for mountain view. it is 10 mi. for just about everyone else. uses certainly drive with extra caution. we are still above the freezing mark. santa rosa is waking up to 35 degrees is currently 42 and that's-this is the perfect time to be outside to enjoy a picnic. check out the north bay santa rosa
CNBC
Feb 15, 2013 4:00am EST
0.12%. >> thanks for that, sixuan. warren buffett berkshire hathaway and 3g castle teamed up to buy heinz for $23 billion in cash. that's a 19% premium to the stock's all-time high, including debt. the buffett/heinz deal is the largest ever acquisition in the food industry. now, mr. buffett counts dairy queen among his food holdings. what iconic food brands should mr. buffett be joining next? send me an e-mail, tweet me. what else should mr. buffett put on his buffet? >>> so is it war and peace for currencies at g-20 meeting? still to come, we'll speak to lael brainard. we've got retail sales out today in the uk. the manager director of giesen hawks will join me to size me up at 9:40 cet. >> geeld touches a six-week low in asian trade. we'll discuss the opportunity for the precious metals market at 9:to. plenty more to come on "worldwide exchange." to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't
CBS
Feb 15, 2013 7:00am PST
buffett just got into the kevin young business. berkshire hathaway is buying the heinz ketchup company for $23 billion. >> plan is to turn the company upside down and then just wait. captioning funded by cbs >>> welcome to "cbs this morning." charlie rose is on assignment, so james brown is with us. and this is a look at the carnival cruiseship "triumph" finally docked in alabama this morning. we'll share the incredible stories and video from passengers and outrage at carnival executives in just a moment. >>> first astonishment in russia this morning. >> that it is norah, a ten-ton meteor blasted across the sky faster than the speed of sound. chunks of meteor crashed to earth, causing panic and injuring more than 500 people. >> meteorites landed near a mountain range near a famous soviet nuclear weapons site. mark phillips is in london good morning. >> good morning, norah, j.b. they got an eye opener of their own in the euro mountains, 900 miles east of moscow this morning. it was a sunrise of biblical proportions, a sky full of fire and brim stonestone. you have
FOX Business
Feb 14, 2013 6:00pm EST
buffett is buying catch up, all of it. his berkshire hathaway is teaming up with the brazilian backed investment firm to buy h.j. heinz demean of the company. the price tag of 28 billion come including debt. a 20% premium on the company's value the day before. his second biggest deal ever. earlier here he spoke to of liz claman on why he chosen a private equity partner and if that means he may eventually sell. >> one thing i can assure you is that we will own our interest and maybe even a larger interest over time in hines. my guess is a partner forever. gerri: and the big winner today is that new -- part me, i can't get it out, secretary of state, john kerry, already one of the richest politicians in the country, married to theresa heinz carry and heir to the fortune. unset disclosure records his assets included three and a half million dollars in shares. so he made a 700 does not profit today. not bad working get it. when we come back, investors are asking, where is the love. president obama's call for a hike in the minimum wage is causing maximum of rage. a restaurant owner tells m
FOX Business
Feb 14, 2013 5:00pm EST
to today's market moment. warren buffett's berkshire hathaway making a splash on wall street. berkshire and private equity firm 3g capital acquire heinz more more than $23 billion. warren buffett spoke to our own liz claman about the deal and the 72.5 share purchase price a short time ago. take a listen. >> how did you pick the price of 72.50 with the 3g guys? >> they did most of the work what to pay. i went along with it and, i was reluctant but i signed up. melissa: there you go. meanwhile the european union's economy contracted the most in four years. the unly sharp drop led to a sharp drop on wall street. blue ships dropped nine points. nasdaq and s&p 500 eked out slight gains with the s&p hitting a fresh five-year high. >>> coming up on "money", the government love affair with solar and wind energy has never been stronger but will it turn the lights out on the nuclear energy industry? ceo of westinghouse electric joins us exclusively. that is coming up next. >>> plus love is filling the air today. making guys they would normally never buy to win women's hearts. if you want to win m
KRON
Feb 14, 2013 4:00am PST
. >> this is just crossing the wires in the last few minutes. warren buffett's berkshire dire hathaway, 3 g capital to buy hineinez for 28 billion including debt. >> american airlines in u.s. airways have announced they would join forces to create the world's largest airline. the new carrier will keep the american airlines name. it will run by airways ceo doug parker, while american airlines ceo tom horton will become chairman. >> this deal has been in the works since august with creditors forced american airlines to consider a merger. the merger of american in u.s. airways will be slightly bigger than the united airlines. >> nationals, the carnival cruise ship that has been without power since a fire in its digital is expected to report today in mobile, alabama. >> the carnival triumph is bank towed from where it broke down in the gulf of mexico. >> more than 4000 people are on board. >> carnival cruise lines say it is canceling another 12 voyages for the disabled ship. >> the cruises aboard the triumph or to take place from february 21st thru april 13th. passengers will be fully refunded and get
NBC
Feb 14, 2013 11:00am EST
spaghetti sauce has said i do to $28 billion acquisition deal with berkshire hathaway and 3g capital. it's the largest food industry deal ever. heinz shareholders will receive a 20% premium to wednesday's closing stock price. buffett called in to cnbc and said while berkshire is putting up half the equity for the deal 3g will be primarily responsible for running heinz. >> thanks, courtney. we have some breaking news in connection to that suspicious death of a 94-year-old alexandria man. police say they arrested a woman for burglarizing the home of 94-year-old elmer rohrs back in november. neighbors tell police the home was burglarized a number of times in the past few months. police say the arrest has no connection to last night's death investigation. we'll continue to follow this story throughout the day and on nbcwashington.com. >>> in this week's wednesday's child we meet a young man named kerry with dreams of one day performing surgery. before that he hopes to have a loving family to adopt him. >> this is what we call a human simulator. >> reporter: professor howard striker welcomes
CNBC
Feb 15, 2013 6:00am EST
. but as for berkshire hathaway, it did take a new state and aerch midland and it increased the stakes in directv, general motors and precision cast parts. >> adm calls itself, what, farmers to the world or something like that. that seems like a pretty good fit for buffett, too. >> it's -- his son used to be on the board. >> there's a group of financial companies to get together with the ecb on a regular basis. and remember last year, the mid year meeting, the one company that hasn't seen any recession was an agricultural company. i think there were 15, 20 companies, only one company -- >> deere raised its guidance earlier this week based on the idea that farming was doing so well. >> and buffett was talking about farmland, as well. >> he owns some, too. >> 14 million times -- why is it 560 million? anyway, now to the national forecast, i have to think without a calculator. or a slide ruler or an abacus. reynolds wolf, not to be confused with wolf blitzer. >> yeah, reynolds is here. >> i get mistake b all the time. my few whiskers. >> joining us from the weather channel, it's a three-day weekend
CNBC
Feb 14, 2013 5:00pm EST
that. so today we saw $28 billion deal by berkshire hathaway to acquire heinz. of course, we saw two behemoths in the airline industry come together. oddly, no real market reaction to those big deals. however, given the level of funding which is rock bottom, and the amount of cash on balance sheets, i would expect plenty more where that came from. and stocks should react accordingly. we're also a few weeks away from the federal reserve, responding to the banks' proposals for aloe indicating their cash and news about the bank stress test, the so-called c-car announcements coming in march. the outcome of these events from many banks will result in higher cash dividends, and buyback plans. one fly in the ointment, of course are the guidelines of a global banking agreement, known as bazel 3, are not finalized yet but expect banks to show well above 2013 and 2014 guidelines of bazel. it's hard to believe the forces that will send stocks higher will reverse any time soon. in any sell off will be met with a buy on the dip mentality. cash will not be king anymore, but quite powerful. before
CNBC
Feb 15, 2013 7:00pm EST
of the biggest winners for the week was heinz. yesterday warren buffett's berkshire hathaway announced it's buying the company for more than $23 billion. but today the s.e.c. froze assets in a swiss-based account on suspicions that it was used to make $1.7 million in profits, buying heinz optioned before the deal was made public. >>> and check out this amazing video. a meteorite streaking across the sky. it exploded over central russia earlier today, damaging buildings and injuring 1,200 people. the meteor was traveling at 19 miles per second and weighed around 10 metric tons. >>> another space oddity, an asteroid passed earth at 2:24 p.m. today. scientists were watching for the 2012 da14 asteroid all week, but it never got closer than 1,700 miles from earth. while nasa was monitoring the situation closely, star gazers in australia, asia, and eastern europe were actually able to see the asteroid with bin oculars and telescopes. and that was 17,000 miles. excuse me. >> that's what i was going to ask you. did you duck, jackie? 17,000 miles. that was a close call. jackie deangelis, thanks ve
NBC
Feb 14, 2013 6:00am PST
and banana sam right there in the middle on the end at nyse. berkshire hathaway buying up heinz for $23 billion. heinz also owns the french fry company and they make the food for weight watchers. that's very well played, heinz. google about to have its turn at the movies. "internship" starring "the wedding crasher" guys. it was shot at google. it comes out this summer. they published a new trailer. >> welcome to google. this will not be your average internship. >> we're looking at mental hunger games against a bunch of genius kids for just a handful of jobs. >> that's a sharpie, genius. >> out june 7th. back to you. >> thanks so much. >>> plenty of action in arizona as world champion giants take the field for spring training. >> it's also a busy time in the clubhouse as well. let's take you live to scottsdale for a spring training update. laurence scott is live this morning. tell us you have insight from the man helping the giants gear up for ball since 1958. >> reporter: i'm telling you, he's a true ledgend with this team. you think of mike murphy and how many people he's helped along
MSNBC
Feb 14, 2013 6:00am PST
to nearly 60 countries. it's not the only big deal on wall street today. berkshire hathaway and 3g capital have agreed to buy heinz, a deal valued at more than $23 billion. the news sent the kech yaup maker's stock up more than 20%. should make for an interesting new closure report the next time we look at the john kerry and teresa heinz kerry scloefr reports. up next, power play. a deep dive in the president's plans to push ahead with some of his proposals with or without the help of congress. we'll talk to a guy who knows how that game is played on both ends of pennsylvania avenue, tom daschle will be here next. you're watching "the daily rundown," only on msnbc. ting li, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. all stations come over to mithis is for real this time.od. step seven point two one two. verify and lock. command is locke
MSNBC
Feb 14, 2013 2:00pm PST
ever warren buffett's berkshire hathaway is teaming up with 3g capital to buy heinz. and american airlines stock soared. us airways fell after they announced an $11 billion merger today to become the world's largest airline. that's it from cnbc. now back to chris and "hardball." >>> welcome back to "hardball." while the republicans are facing their own internal battles, establishment ver tea parties, outsiders versus beltway types, who are the republicans up against? the liberal barack obama who wants to raise your taxes and quash free enterprise or the guy we saw this week talking about the middle class? well, take a guess 37 marco rubio's rebuttal speech attacked the leftist president and last night jon stewart had some fun with him. >> our free enterprise economy is the source of our middle class prosperity. but president obama, he believes it's the cause of our problems. i hope the president will abandon his obsession with raising taxes. instead of playing politics with medicare, when is the president going to offer his detailed plan to save it? tonight would have been a good
PBS
Feb 12, 2013 12:00pm PST
is the way you run travelers different from the way aig was run or the way that the berkshire hathaway insurance companies are run. >> well, couldn't pick two different, at least two different issues on the spectrum. first let me start off with warren who really is remarkable guy. i know you know him as well. he's been here, in fact. warren runs his business very smart and very thoughtfully. it is predominantly, though, an insurance company that generates capital for an investment vehicle. >> rose: allocation. >> and that's his philosophy for doing business. and he has been remarkably successful at it. we don't think of ourselves that way. we are-- . >> rose: that's a very basic different philosophical. >> enormous. we're not warren buffett. we're not-- we don't-- . >> rose: you have to be warren buff tote have that attitude. >> capital, you have to have the intellectual capital. you have to have the financial capital. you have to have-- there's a lot of things that he has that we just don't. and so we can't possibly compete with that. >> rose: rather than allocating the capital that c
PBS
Feb 15, 2013 12:00am PST
equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal--
PBS
Feb 14, 2013 6:00pm PST
the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has a new title: ketchup king. for the first time, warren buffett, who's shied away from working with private equity partners, is teaming up with 3g capital in a $28 billion deal--
CNBC
Feb 14, 2013 1:00pm EST
into that deal, gentlemen, warren buffett's berkshire hathaway and brazil's 3g ketchup king, buying it out for about $23 billion, the buyingest buyout ever in food industry. shareholders get $72.50 per share but that is a 20% premium to heinz closing stock price yesterday. who are the big winners? check out heinz top institutional shareholders. it is really a who's who list. blackrock, vanguard, state street, capital world and fed rated. warren buffett on squawk box earlier this morning and he talked about his partnership with 3g to buy heinz. >>er with putting up more of the money but going to be an equal equity partner with 3g. and there will be 8 billion of preferred stock. and then well each have 4 and a fraction billion of common equity. swoel split the equity. but we're a financing partner in addition and there are the operational guys. >> well, we always think about ketchup with heinz, but if isn't just about ketchup. take a look at other brands it owns, such as tgi fridays. classico and food star. they have been moving smartly to the upside. see the spike at the right-hand side, it
CNBC
Feb 15, 2013 1:00pm EST
calls. a good trade given thursday's news. warren buffett, berkshire hathaway. the 20% premium over wednesday's closing price and holders of june 65 calls a healthy profit. sec's case reportedly building on another insider probe following 3g's buyout of burger king. florida based investor settling charges he received information ahead deal from his former broker. heinz says it hasn't been contacted by sec and calls seeking comment from berk shire and sec have not been returned. >> thank you very much. >>> gold falling below 1600 an ounce. its worst week in sometimes. and there is no love lost between costco and tiffany's. here is courtney reagan. >> that right, sue. little blue book # box takes on the big box retailer. i've got details in the battle over bling coming up. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. great, everybody made it. we all work remotely so this is a
FOX Business
Feb 14, 2013 9:20am EST
ameritrade. >> you know, this is the big deal of the year so far. wait for it, warren buffett's berkshire hathaway and 3g capital buying heinz, 28 billion dollars. heinz shareholders will get 72.50 for each common stock they own, that's a 20% gain over yesterday's closing price. 28 billion total, and the shares in the pre-market close to 72.50. there's a side bar here in the newly installed secretary of state john kerry, his wife is part of the heinz family. all right, it's official now, u.s. airways, american airlines are going to merge, a 11 billion dollar all stock deal creating the world's largest airline and shareholders own 72% of the company and u.s. air 28%, watch out flyers, every previous merger after that, ticket prices went up. will that be repeated this time around? we'll see and by the way, bob crandall, former american airlines chairman he's on fox business 11 a.m. this morning. and i've got another big name that you know. slower sales, rising costs hurting the e-reader, it will lose on the nook in the year 2013. all right, everybody, look at this picture. a near handful of
FOX Business
Feb 15, 2013 11:00am EST
in on the time deal. let's go to nicole. bottom of the hour for stocks now. nicole: buffet and berkshire hathaway were hot on heinz. here it is today. 72.29. down one quarter of 1%. securities and exchange commissions is looking into traits that occurred a day before the deal was known. they will be looking at all the traits that occurred before hand. you have jpmorgan and wells fargo. this is over $14 billion debt financing. you will keep an eye both on jpmorgan and wells fargo, as well. i think my favorite part, not my favorite part, but sometimes the analyst call it and ubs downgraded heinz before this all happened. connell: thank you. how is this for an analogy, he is like a doctor harming the patient when he tries to deal with the job market and the economy. that is how steve forbes has been describing the president lately. it is great to have him in the studio. make that case to us. i am sure the obama administration is saying we are getting there. >> it is slowly improving at a pitiful pace. the slowest in american history. you do not get the kind of spread you normally get. if you look at
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